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Fund Updates

Member representative trustee election

Every 3 years, according to the rules of the Fund, members (via their member representatives) are entitled to elect member representative trustees from a list of industry specialists that are independent from the...

The conversion option benefits members and consultants

The conversion option allows a member who retires or withdraws from the Fund to take out a similar individual policy (life insurance, lump sum disability or income disability) at their own cost, with the Insurer with...

Amendments to the General Rules

The Board of trustees keeps the General Rules aligned and updated with legislative changes. Rule amendments for the Sanlam Umbrella Pension Fund and the Sanlam Umbrella Provident Fund were both formally registered by...

Enhancements to the replacement ratio calculator

We are pleased to announce some great enhancements to our web-based replacement ratio calculator and invite intermediaries to make use of this tool when advising members on their long-term retirement planning. Read...

Persons who are liable for the payment of contributions

The Pension Funds Act, (Section 13A(9)(a)), makes it an obligation of a retirement fund to request participating employers in writing to notify the fund of the identity of the person or persons who are personally...